1) Generate the config file:
autoconf
./configure --disable-linuxmodule --host=arm-angstrom-linux-gnueabi --build=i386-bsd --enable-tools=mixed 

2) Add include paths to libstdc++ headers:
Edit the following two lines in these files
- tools/lib/Makefile
- tools/click-align/Makefile
- userlevel/Makefile
DEFS = -DHAVE_CONFIG_H -DHAVE_NEW_HDR
INCLUDES = -I$(top_builddir)/include -I$(top_srcdir)/include \
	-I$(srcdir) -I/usr/include/c++/4.2.4 -I/usr/include/c++/4.2.4/i486-linux-gnu

3) Build click tools (i386 binary)
make tools elementmap.xml

4) Create a click script called MY_CONFIG
eg.
FromDevice(eth0) -> Print(ok) -> Discard;

5) Build click (compiles only the elements used in MY_CONFIG):

./tools/click-mkmindriver/click-mkmindriver  -C . -u -A -d./userlevel --elements "Print" -p MY_PKG -f MY_CONFIG
make -C ./userlevel/ MINDRIVER=MY_PKG
arm-angstrom-linux-gnueabi-strip ./tools/click-align/click-align 
arm-angstrom-linux-gnueabi-strip  ./userlevel/MY_PKGclick